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gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile, small businesses are still reeling from the effects of superstorm sandy. sandy shut down and damaged many businesses in its trail. now a lifeline for business owners could come in the form of disaster assistance. chris hurn of mercantile capital says for small business owners affected by the storm, loans could be a chance to reboot business. "one of the things that is going to come out of a life- altering event like this is a lot of them are going to get insurance proceeds, and i'm a big advocate of people using those proceeds to maybe spur some action that they might
gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile,...
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. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the f
. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says....
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Nov 2, 2012
11/12
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between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in the auto industry, but in a variety of manufacturing areas. but ohio is benefiting other areas in terms of health. the health sector is doing fairly well. the health sector is benefiting from the oil and gas deals. so modest positives on the economic and jobs front for the state of ohio. the issue, i think, for obama is that people are thinking about a lot more than just the economy and the automotive side specifically and, of course, the governor of ohio, john kasich, is tying to contribute anything that is positive to his administration as opposed to that of barack obama. >> that we have seen. jim, th
between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in...
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Oct 31, 2012
10/12
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much the race has changed. hoping to recapture the momentum he had before the storm, romney recycled a line of attack he used presandy. >> he's been out talking about how he's going to save big bird and then playing silly word games with my last name, or first. and then attacking me day in and day out. >> reporter: the storm also interrupted romney's closing argument which he was supposed to start delivering last monday. instead, he has five days left to make his case against a president who has emerged from sandy perhaps now tougher to beat. wolf. >> jim acosta on the campaign trail with mitt romney
ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much...
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Oct 31, 2012
10/12
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the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringi
the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right?...
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it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is evidence that this is 32 straight months of private sector growth, and you have mitt romney on the other side saying that it's a sad reminder that the economy is at a standstill. his own words. beyond the spin here, what do you think voters are hearing when they hear this number today, and does it even change their perception at all of how the economy is doing? to either one of you. >> suzanne, you know, the uptick is not great news for the obama campaign. it is still -- >> this is a 7.8% to 7.9%. >> that's the top line number that peop
it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is...
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the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure can't give up now. >> now, wolf, the romney campaign was quick to hit back saying in part that the auto companies are expanding their production with jobs overseas, to be clear, they're not moving their jobs overseas, but they're adding new jobs overseas. they say that unemployment has risen since the president has been in office. now, one maybe lighter note, wolf, i did mention that david ax axlerod saying the speeches are coming from the president's loins, and it has it's own twitter handle already. >> didn't take long, very cute. the president, in the last four days, it's going to get tough out there. >> it'
the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure...
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Nov 1, 2012
11/12
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gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some areas likely to be without -- some of you in t
gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that...
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Nov 1, 2012
11/12
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but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's interesting. let's talk about some of these state polls. they show obama waleed in wisconsin, new hampshire and iowa. and he has a five-point lead in ohio. you've been talk being to team obama, his top officials. what do they make of these numbers? >> i was in chicago two days ago and they are confident about the president's ability to win re-election. that's a normal place for the obama campaign. they are never anything other than superconfident. >> over confident? >> the obama campaign know their voter contacts and if they cho what they know they will win. but if they know is wrong they will lose. if everything
but it's chrysler and gm pointed out, jeep which is a chrysler brand and gm also producing autos in northern ohio aren't shrinking their production they are expanding it. so the obama campaign believes they have the facts and narrative on their side, talking to senior romney advisers last night they don't regret making the charge but they didn't anticipate the intensity of the obama reaction and the echo chamber that it's created in the free media, the publicity around it. >> that's...
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Oct 30, 2012
10/12
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gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in sandy's path facing head winds following storm damage. pizza maker papa johns has 600 locations near the storm. responsible for leading the company's global operations. joins us now from louisville, kentucky. great to have you with us. >> thank, melissa, great to be here. >> what sort of disruptions in terms of delivery and distribution are you seeing right now? >> well, as you said, we have 600 stores that were in the path of the storm. and last night we actually had between yesterday and last night 200 stores that were closed. and as of late this afternoon we still have around 100 that are still yet to be o
gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in...
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Nov 3, 2012
11/12
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obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that was. people forget now but 2008, 2009 when g.m. and chrysler were on the ve
obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto...
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when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is trying to get back to a sense of normalcy here. i'm hearing about guys talking about sleeping in host tolls, going to homes with power. everybody is contending and juggling a lot as they try to continue to keep markets running smoothly. back to you. cheryl: nicole, thank you very much. got brakinging news. ashley: we certainly do. the "new york post" reporting that mayor bloomberg will temporarily be banning passenger cars from entering manhattan. of course this is the as the city struggles to recover from hurricane sandy. the streets today were absolutely at a standstill. took people hou
when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is...
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Nov 1, 2012
11/12
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as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking their production. they're expanding it. the obama campaign believes they have the facts and narrative on their side. talking to senior romney advisers last night, they don't regret making the charge but they did not anticipate the intensity of the obama reaction and the echo chamber it's created and believe it's been a net negative. >> that's interesting. let's talk about these state poll polls. we have new information that show obama with the lead in wisconsin, new hampshire and iowa. he has a five-point lead in ohio. you've been talking to team obama, his top officials. what do they make of these numbers? >> i was in chicago two days ago and they are supernaturally confident. >> supernaturally confident? >> yes. that's a normal place for the obama campaign, never anything other than supernaturally confident. >> overconfident? >> we'll find out. the way i would describe the obama campaign, they know their voter contacts, and if they know what they know
as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking their production. they're expanding it. the obama campaign believes they have the facts and narrative on their side. talking to senior romney advisers last night, they don't regret making the charge but they did not anticipate the intensity of the obama reaction and the echo chamber it's created and believe it's been a net negative. >> that's interesting....
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Oct 31, 2012
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good news there for gm. charles: ford released theirs yesterday, they had good news too. nicole: it's up about 5 1/2% for ford so that too is a winner. they were one of the companies that actually decided to go ahead with their earnings report despite the market being closed. about 30 companies pushed back their earnings reports. charles: nicole petallides, thanks a lot. we haveless than one week to go before the election and governor romney's momentum seems to be slowing. the latest rasmussen presidential poll shows romney has 49% and president obama 47%. governor romney is now making a last-ditch effort for votes in some traditionally new-leaning states, minnesota, michigan and pennsylvania. could this be mitt romney's last push to win on tuesday? joining us now is representative marsha blackburn. congresswoman blackburn, some curious things going on over the last 24 hours. you see where obama camp poured money into michigan. you see where romney is headed, pennsylvania. i thought these states were settled. are they still up for grabs? >> yes, they are definitely up for
good news there for gm. charles: ford released theirs yesterday, they had good news too. nicole: it's up about 5 1/2% for ford so that too is a winner. they were one of the companies that actually decided to go ahead with their earnings report despite the market being closed. about 30 companies pushed back their earnings reports. charles: nicole petallides, thanks a lot. we haveless than one week to go before the election and governor romney's momentum seems to be slowing. the latest rasmussen...
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Oct 31, 2012
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back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pr
back to nicole petallides to talk about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after...
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Nov 3, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to the italians who are going build jeeps in china. >> reporter: it's designed to peel working class americans away from the president but the idea that chrysler is moving jobs from ohio to china has been attacked as untrue. >> everybody knows it's not true. the car companies themselves have told governor romney to knock it off. >> reporter: friday's jobless report showed a slight increase in unemployment but at the same time a larger than expected number of jobs were created last month. while consumer confidence is the highest since february of 2008. romney was having none of it. >> the president promised change. but he didn't deliver it. and i'm promising change and i have a record of achieving it. >> reporter: it was a reference to his one term as governor of massachusetts where romney currently trails the president by 32 points. still with unemployment at 7.9% this president will go before the voters on tuesday with the highest unemployment rate since franklin roosevelt in 1936 during the great depression. anthony?
. >> obama took gm and chrysler into bankruptcy and sold chrysler to the italians who are going build jeeps in china. >> reporter: it's designed to peel working class americans away from the president but the idea that chrysler is moving jobs from ohio to china has been attacked as untrue. >> everybody knows it's not true. the car companies themselves have told governor romney to knock it off. >> reporter: friday's jobless report showed a slight increase in unemployment...
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what is our highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it appears that the head of ford america says things are looking good three a lot of people are saying the same. certainly over the past few two years, it has put a big wall in the turnaround because there are much different companies than there were just a few years ago. if things go well, it could be anybody. i think obviously, it is a big choice of this moment in time. ashley: i wanted to talk more about hurricane sandy. on the flipside of this, yes, it hurt sales for the last three days of this month. but one insurance claim paid up those flooded vehicles, and they could s
what is our highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it...